StockNews.com Downgrades Security National Financial (NASDAQ:SNFCA) to Buy

Security National Financial (NASDAQ:SNFCA) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

Security National Financial Stock Up 2.5 %

Shares of Security National Financial stock opened at $12.64 on Monday. The firm has a market cap of $306.84 million, a price-to-earnings ratio of 10.29 and a beta of 1.10. The business has a fifty day simple moving average of $12.22 and a 200-day simple moving average of $9.98. Security National Financial has a fifty-two week low of $6.19 and a fifty-two week high of $13.59.

Institutional Investors Weigh In On Security National Financial

A number of institutional investors and hedge funds have recently modified their holdings of SNFCA. Geode Capital Management LLC raised its position in Security National Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 132,414 shares of the credit services provider’s stock valued at $1,218,000 after buying an additional 1,080 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in Security National Financial by 10.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,213 shares of the credit services provider’s stock valued at $131,000 after buying an additional 1,322 shares during the period. State Street Corp raised its position in Security National Financial by 5.0% during the third quarter. State Street Corp now owns 51,163 shares of the credit services provider’s stock valued at $471,000 after buying an additional 2,434 shares during the period. EP Wealth Advisors LLC raised its position in Security National Financial by 5.0% during the third quarter. EP Wealth Advisors LLC now owns 60,825 shares of the credit services provider’s stock valued at $560,000 after buying an additional 2,896 shares during the period. Finally, Empowered Funds LLC raised its position in Security National Financial by 10.6% during the third quarter. Empowered Funds LLC now owns 49,961 shares of the credit services provider’s stock valued at $460,000 after buying an additional 4,802 shares during the period. 45.58% of the stock is owned by institutional investors and hedge funds.

About Security National Financial

Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver's accident insurance policies.